United Nations panel says renewable energy costs will drop: leaked report

17/05/2011

Key findings from an upcoming climate change report released by the United Nations are expected to show that cost reductions in the renewable energy sector are likely to continue through to 2050, boosting their deployment.

A draft summary of a report due to be released by the Intergovernmental Panel on Climate Change, which has been leaked to Reuters, is to set out over 160 possible future scenarios on how renewable energy adoption may progress.

Although biomass accounted for the highest proportion of renewable energy produced in 2008, there is scope for technology innovation across all areas, it said.

Crucially, in the majority of scenarios it put forward, low-carbon energy supply accounted for both more than nuclear power and fossil carbon capture and storage technologies.

The UN panel estimate global investments in the sector ranging from $1.36bn to $5.10bn for 2011 to 2020 and from $1.49bn to $7.18bn from between 2021 and 2030.

It also concludes that the technical potential of renewable energy can outstrip global energy demand.

newenergyworldnetwork.com

Same Category

Energy saving tips for your winter

04/10/2024

Clean energy brings stable electricity supply to Truong Sa Archipelago 02/11/2022
Energy shifting towards a green economy 07/10/2021
Reduce your energy bills this fall with these tips 28/09/2021
Looking to save on your energy bill? Here are some easy tips 28/09/2021

10 ways to save water at home 26/09/2021

As we face these effects of climate change, conserving water becomes increasingly important. Saving water also means saving money; the average American family spends more than $1,000 on water a year, which can be diminished significantly by addressing the way we use water in our daily lives.
Saving electricity – Practical tips that cut through the noise 26/09/2021

Power is essential for lighting and running appliances at homes and in businesses. With its ever-increasing costs, consumers constantly compare electricity in addition to other practical ways to save electricity.
Energy saving tips for the home – 7 ways to lower your bills 26/09/2021

Worried about soaring gas prices? Our energy saving tips for the home are a great way to lower gas and electricity bills and save precious cash
Quantum chemists conjure recipe to turn gold, silver and copper into vessels of green energy 23/09/2021

Quantum chemists believe gold, silver and copper could help the world take a leap towards green energy after discovering that compounds based on these metal elements and hydrogen are very promising candidates for hydrogen storage.
As heating bills go up, put your energy into keeping costs down 16/09/2021

With wholesale energy prices soaring, millions of householders will face bigger bills next month. But there are ways to save.
5 easy ways to improve energy efficiency 16/09/2021

In addition to navigating a deadly pandemic, improving energy efficiency is likely the top priority for today’s building owners facing costly, mandatory retrofits by 2025.
How to solve the investment puzzle of clean energy transitions in the developing world 19/02/2021

This article looks into three areas where efforts are needed to accelerate investments in clean energy transitions
Viet Nam News Economy Lessons from solar: Rush to invest in wind power plants to get high tariffs could overload grid 09/02/2020

The rush to invest in wind energy to take advantage of the Government's pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario, experts warn.